Eagle Ford

Eagle Ford Shale Description ImageThe Eagle Ford shale formation in South Texas runs from the US-Mexico border north of Laredo in a narrow band extending northeast for several hundred miles to just north of Houston. It is located directly below the Austin Chalk. The average thickness of the Eagle Ford shale is about 475 feet. The more active part of the region is mainly in McMullen, Maverick, Dimmit, La Salle, Karnes, Live Oak, and Atascosa counties. The formation produces both natural gas and oil, but it is the oil-producing and gas condensate areas that are hottest right now.

Houston-based Apache Corp. and EOG Resources are two of the largest lease-holders in the Eagle Ford. Other major players include Petrohawk, Swift Energy, ExxonMobil, ConocoPhillips, Murphy Oil, Chesapeake, Cabot Oil & Gas, and Pioneer Natural Resources.

Eagle Ford Shale Map

Eagle Ford Shale News

PNR reports $3.3 billion capex plan for 2014

Feb 11, 2014

Pioneer Natural Resources Co. (PNR), Dallas, reported capital expenditure plans of $3.3 billion for 2014, $2.2 billion of which to be used to target the northern Spraberry-Wolfcamp area the Midland basin of West Texas.

Baker Hughes: US drilling rig count dips to 1,771

Feb 7, 2014

The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

Baytex to acquire Aurora for $2.6 billion

Feb 7, 2014

Baytex Energy Corp., Calgary, has agreed to acquire Aurora Oil & Gas Ltd., Subiaco, Western Australia, for $2.6 billion, providing Baytex with 22,200 net contiguous acres in the Sugarkane field in the Eagle Ford shale of South Texas.

Anadarko reports fourth-quarter loss, record yearend sales volumes

Feb 4, 2014

Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.

DCP Midstream adding processing in DJ, Eagle Ford basins

Feb 3, 2014

DCP Midstream LLC will add nearly 500 MMcfd of natural gas processing capacity in two liquids-rich US basins, the company reported.

Eagle Ford crude prompts upgrades at Valero’s Texas refineries

Feb 3, 2014

Valero Energy Corp., the largest US independent refiner-marketer, plans to invest $730 million in upgrading two of its Texas refineries to process increased volumes of light crude sourced from the Eagle Ford shale.

Devon to raise Eagle Ford shale production by 40%

Feb 1, 2014

Devon Energy Corp. plans to spend nearly $1.3 billion to increase its Eagle Ford shale production nearly 40% in 2014 as the company begins full-scale development of its new position in the booming South Texas play.

BHP executive details big plans for US shale plays

Feb 1, 2014

Australian resource conglomerate BHP Billiton is ramping up its activity in unconventional resource plays in the US. Since entering the US shale business 3 years ago, the company has grown into one of the top producers in the Eagle Ford shale.

EAGLE FORD Briefs

Feb 1, 2014

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

Jan 31, 2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

Southcross starts construction on new Eagle Ford pipeline

Jan 30, 2014

Southcross Energy Partners LP has begun construction on the $125 million, 300-MMcfd Webb pipeline in the rich gas area of the Eagle Ford shale in South Texas.

PwC: US M&A activity down in 2013 despite strong finish

Jan 28, 2014

The US oil and gas industry finished 2013 strong when it came to mergers and acquisitions, but the late-year push to a total of 182 deals totaling $115.9 billion wasn’t enough to match the 212 deals worth $152.8 billion in 2012, PwC US Energy Practice said in a report released Jan. 28.

Baker Hughes: US drilling rig count remains at 1,777

Jan 24, 2014

The US drilling rig count was unchanged from a week ago with 1,777 rigs working during the week ended Jan. 24, Baker Hughes Inc. reported.

EIA: Significant events affected oil markets in 2013

Jan 9, 2014

The US Energy Information Administration listed significant events affecting oil markets in 2013.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 8, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration’s Short-Term Energy Outlook (STEO), released this month.

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